The Philippines recently launched its first US dollar banknote promotion activity in a year, which seems somewhat bold given the current market environment. After Trump reignited the US-EU trade dispute, government bond yields rose sharply, putting risk assets under pressure. In this context, whether the new currency can gain market acceptance depends on investor sentiment. In a high-yield environment, the attractiveness of traditional assets increases, and risk assets like cryptocurrencies face greater competitive pressure. Market sentiment fluctuations directly impact the flow of funds.